【$NAORI Signal】Long - After a strong breakout on the 1H chart, consolidation at high levels with obvious capital support

$NAORI The 1H timeframe experienced a violent surge of 34% yesterday and is now in a high-level flag formation. The price is oscillating within the 0.0275-0.0283 range, with the 1H candlestick continuously staying above the EMA20 (0.0259), which is a sign of strong consolidation. On the 4H chart, a massive bullish candle broke through the previous consolidation platform, indicating a trend reversal to bullish, with a current pullback to confirm support. Open interest remains stable at a high level of 82.73 million, indicating that funds have not exited the market. Coupled with a slight positive funding rate, the main force’s intention is more to defend the price than to push it higher for distribution. Sell orders are stacked around 0.0282-0.0283; once broken, a short squeeze may occur.

🎯 Direction: Long

🎯 Entry/Order Placement: 0.02825 - 0.02835 ( Reason: Breakout above the 1H consolidation upper boundary and dense sell orders )

🛑 Stop Loss: 0.02735 ( Reason: Falling below the 1H consolidation lower boundary and the previous 1H candle low )

🚀 Target 1: 0.02930 ( Reason: Previous high resistance level and the 4H Fibonacci 0.618 extension )

🚀 Target 2: 0.03050 ( Reason: 1.618 extension level and psychological round number )

🛡️ Trading Management:

- Position Size Recommendation: Light ( Reason: Significant rally within the day, extremely high volatility, risk control is necessary )

- Execution Strategy: After reaching 0.0293 (Target 1), reduce position by 50%, and move the remaining stop loss up to the entry price of 0.0283. If the price fails to break through 0.02835 effectively and falls back into the entry zone, exit immediately and observe.

Deep Logic: The 1H RSI is as high as 74.87, on the verge of overbought, but no bearish divergence appears, indicating that upward momentum remains strong. The 4H RSI is at 73.01, also showing strength. The key point is that open interest (OI) remains stable during consolidation at high prices, not decreasing, which usually suggests that long positions are not closed but are waiting for the next wave of attack. Market depth shows sell walls concentrated at 0.0282-0.0283, which is a short-term breakout point. Once broken, resistance above is sparse, and a quick rally is expected. ATR is 0.0017, providing a reasonable stop loss space, with a risk-reward ratio >1.5.

Trade here 👇 $NAORI

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